Saturday, May 2, 2009

Weekly Asset Returns and New SMA Crossovers (05/01)

Given below are the asset class returns for the week, courtesy of Wall Street Journal:

And here are the sector returns for week measured using sector SPDRs:I have updated the stock scanner to looks for 5 and 15 SMA crossover and use 50 day average volume of more than 1million shares as the first filter. Here are the results of the scan over S&P500:

Bullish: AA AMD BTU CMS CL D DTE EXC GIS GNW HIG HNZ HUM ICE MDT MCHP PEG PGN PKI SRE T TE VRSN WFR WIN XOM

Bearish: AIZ AVB CA CCL CTAS DFS EQR GLW HCBK KSS MMC MO MYL PAYX PGR SPLS VMC

Please note that moving average crossovers usually happen on up days and majority of stocks pullback somewhat after that. Timing the buy/sell decision will probably require further analysis (technical and/or fundamental) whether you are looking for short-term trade or a long-term position.

Disclaimer: No position in any of the mentioned securities.

No comments: